The New Hunter Biden Meme Coin Is Down 98% Since Launch. Here's What Crypto Investors Need to Know.
Meme coins will remain a staple of the crypto industry.
Overview
Meme coins have long been a staple of the crypto community. These crypto assets typically have no obvious utility. Their value stems from social trends and the whims of traders.
The first meme coin -- arguably the most successful meme coin of all time -- was Dogecoin (CRYPTO:DOGE). The token was launched in 2013 mostly as a joke.
Details
"I don't think we're changing the world or anything. We're just trying to have fun, and the community seems to have fun with it," the project's founder said in 2014. At that time, Dogecoin's price hovered around $0.0002 per token.
Source
Originally published at www.fool.com.
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